The exclusive COVID-19 impact analysis report by Axiom MRC provides a 360 degree analysis of micro and macro-economic factors on the global beta glucan market. In addition, complete analysis of changes on the global beta glucan market expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on global economies, international trade, business investments, GDP and marketing strategies of key players present in the market. As the COVID-19 pandemic continues to spread, emphasis on the health and safety of the food processing industry and its employees is intensifying. Being the most mature and competitive sector across the globe, it has long benefitted from many unpriced environmental and social externalities. A shift to incorporate environmental impacts into the true cost of food has become more apparent in current years. But the pandemic is serving to elevate social factors as a key consideration. With stakeholders along with the supply chain (including consumers and regulators) demanding change, the sustainability and ultimate financial success of food and beverage companies will lie, at least in part, in their ability to manage these expectations and address these factors.

MARKET OVERVIEW- GLOBAL BETA GLUCAN MARKET

MARKET DRIVERS

The key factors such as growing health consciousness among consumers coupled with increasing health expenditure is expected to boost the growth of the market. With the shift in demand from processed to healthy food, functional, and superfoods, consumers have become more conscious of their health and maintain it proactively through healthy living. Consumers are more aware of the food ingredients and pay attention to nutrition labels and ingredients of the food products. This shift in buying habits has resulted in higher demand for healthy foods and supplements and has attracted several manufacturers to offer new food products that are functional, not genetically modified, and sourced naturally. With the increasing consciousness and concern about health and wellness, demand for multifunctional beta-glucan is expected to rise in the upcoming years.

Likewise, manufacturers are also redesigning products and lowering cholesterol, sugar, fats (trans-fat and saturated), and sodium content of the food. They are replacing artificial ingredients and introducing products high in protein, fibers, and others that offer functional benefits. These developments have also resulted in the rise of per capita expenditure in major economies in North America and Europe, showing that people are relatively spending more on health wellness as compared to the last few years.

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MARKET OPPORTUNITY

The various opportunities such as changing lifestyles, growing economy, and shift toward natural products are observed in developing economies, leading to the growth in demand for beta-glucan, not only in food, personal care, and pharmaceutical products but also in other industrial applications, such as animal feed and biofuel production. Developing economies such as China, India, and countries in the Middle East Africa, in the coming years, are expected to experience a sharp upsurge in demand for beta-glucan extracted from different raw materials. This demand is attributed to be driven by an increase in the consumption of healthy foods, nutraceuticals, and personal care products. Adding to that, these regions also provide cost optimization in terms of production, labor cost, and processing. High demand, coupled with a low cost of production, is a key feature that is expected to support beta-glucan manufacturers to enter into new emerging economies.

MARKET RESTRAINTS

The inconsistency in regulatory norms governing beta glucan is likely to restrain the market growth of the global beta glucan market. The beta-glucan market is governed by different regulatory bodies, which vary regionally. The legislation regarding the extraction, processing, formulation, and end-product manufacturing is different from regions to regions. Health claims also differ at the country level, thereby hindering the usage of beta-glucan in pharmaceuticals as well as food beverages. The regulations also govern and monitor claims made by end-product manufacturers and labelling requirements. 

MARKET GROWTH CHALLENGES

The high cost of extraction of beta-glucan is likely to challenge the growth of the global beta glucan market. The extraction of beta-glucan is dependent on factors, such as source, time, and technology. There are several methods of extraction available, which offer low-quality insoluble beta-glucan. For instance, manufacturing of high-quality micronized beta-glucan of particle size 1–3 microns involves high costs apart as it include several processing steps to get the desired size of beta-glucan. This is done to make beta-glucan easily absorbable at the receptor site on immune cells. Also, expensive equipment is used to protect beta-glucan from re-aggregating, which can reduce the proper absorption of beta-glucan in the human body.

CUMULATIVE GROWTH ANALYSIS

The report provides in-depth analysis of global beta glucan market, market size, and compound annual growth rate (CAGR) for the forecast period of 2022-2028, considering 2021 as the base year. With increasing demand for various iodine derivatives in various applications has led the increasing demand for market and is expected to witness the growth at a specific CAGR from 2022-2028. 

MARKET SEGMENTAL OVERVIEW

The global beta glucan market comprises of different market segment like Source, Category, Application and Geography. 

BETA GLUCAN MARKET BY SOURCE 

Source of beta-glucan mainly include grain and cereals like oats, barley, and wheat, mushrooms, yeast and seaweeds. Beta-glucan is considered to be a fiber which offers a number of health benefits, including lowering cholesterol, improving blood sugar management, and boosting the immune system. It is a naturally occurring complex carbohydrates that is found in the cell walls of certain foods and it belongs to a group of sugars known as polysaccharides and beta-glucan obtained from different source are healthy and they are safe to consume by both human and animals. 

BETA GLUCAN MARKET BY CATEGORY 

On the basis of category, beta-glucan is categorized into soluble beta-glucan and insoluble beta-glucan. Beta-glucan is considered to be one of the most high-fiber foods, they have certain benefits to offer, some stand out due to specific types of fiber they provide. Both the categories of beta glucans have various health benefits which increases the immunity level in human body and provide several other health benefits. As the people are moving towards healthy food, they are including fiber in their diet which has increased the demand for beta glucan, also with growing cases of chronic diseases has increased the demand for beta-glucan and for various application, various category of beta-glucan is used. 

BETA GLUCAN MARKET BY APPLICATION

Beta-glucan has its application in food and beverages industry, personal care, pharmaceutical, dietary supplement and animal feed. Beta-glucan is a natural polysaccharide obtained from various sources like cereals and grains, yeast etc. these are anticipated to be immuno-modulator which helps the human body to boost the immunity and protects the body against disease or other potentially damaging foreign bodies, also it has certain healthy properties which is why it is widely used in various application. 

BETA GLUCAN MARKET BY GEOGRAPHY

The beta glucan market is studied for various key countries such as North America, Europe, Asia Pacific and Rest of the World. The North America region is anticipated to dominate the market during the forecast period. The growing health consciousness among consumers and increasing health expenditure is likely to boost the growth of beta glucan market during the forecast period. Additionally, rising usage of immunity regulators is also estimated to propel the growth of beta glucan market. Moreover, growing pharmaceutical and nutraceutical sector is expected to refuel the growth of the global beta glucan market.

COMPETITIVE LANDSCAPE ANALYSIS

The key players studied in market are Cargill, Incorporated, Ceapro Inc, Super Beta Glucan, DSM, Tate Lyle, Kemin Industries, Inc., Lesaffre, Garuda International, Inc., Kerry, Ohly, AIT Ingredients, AngelYeast Co., Ltd, Algatech LTD., Specialty Biotech Co.,Ltd., Glycanova, Van Wankum Ingredients, Leiber GmbH, Nutra Green Biotechnology Co.,Ltd., Lallemand Inc., Jkosmmune, Macrocare Tech Co., Ltd., Amarte USA, LLC, Biotec Pharmacon ASA, Lantmännen, Carbon Medical Technologies, Inc and Givaudan SA among others.

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